please use MILPF table

= Homework: Wk9 HW (Ch8) Question 1, Problem P8-2 (similar to) HW Score: 20%, 3 of 15 points O Points: 0 of 3 Part 1 of 5 Save Compute the monthly payment and the total amount spent for a vehicle that costs $25,000 if you finance the entire purchase over 5 years at an annual rate of 7.75 percent. Calculate the payment if you finance the car for only four years. Finally, calculate the payment for three years. What do you notice about the payment under the different time assumptions? Click on the table icon to view the MILPF table : The monthly payment, PMT, on the 5-year auto loan is $ (Round to the nearest cent.)